Word: turkey
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Those with healthy balance sheets, however, see a silver lining. Basil Stephanis, president of Selonda, a $167 million aquaculture company with fish farms in Greece, Turkey and Wales, says Greece's woes are "an opportunity to consolidate and buy up companies with liquidity problems." Constantine Petropoulos, chairman of Petros Petropoulos, a $158 million firm that sells cars, automotive supplies and industrial equipment, also plans to beef up his portfolio. "We will acquire businesses that we wouldn't have ever been able to consider in better times," he says...
Société Générale also likes Turkey and South Korea among emerging-market economies and Australia and New Zealand in the developed group...
...reaching out to the Taliban leadership for some time, and U.N. officials in Kabul are openly calling for such talks, urging the Afghan government to enable them by having the names of a number of senior Taliban leaders taken off a U.N. terrorist-watch list so they can travel. Turkey is even offering to broker regional peace talks involving the Taliban and Afghanistan's neighbors. (See pictures of the presidential election in Afghanistan...
...Splitting the international community has been Iran's goal from the start, and unilateral sanctions could be fatally undermined if a bloc of countries that trade with Iran, such as China, Russia, Turkey and India, don't comply. The very fact that the U.S. and its allies are even thinking of going it alone is a sign of just how much trouble Obama's policy...
...still anchored by military cooperation, as they have been since the 1950s. Israeli Defense Minister Ehud Barak is due to visit Ankara next week, hoping to reinforce strategic ties and negotiate deals for Israel's military industries, which already have contracts worth more than $1 billion to supply Turkey. Meanwhile, a Turkish delegation is currently in Israel to wrap up the purchase of 10 Heron drones. "Defense ties have become the safety valve for bilateral relations," says Candar. "They prevent a complete breakdown. That doesn't change the fact that there has been a significant structural shift in the relationship...